As of the third quarter of 2021, the Tesla (NASDAQ: TSLA) cops are now sharing their estimates for the company’s vehicle deliveries in the third quarter of 2021. From Wall Street analysts to seasoned retail investors who have been closely following the company for years, TSLA – Bulls appear to be expecting impressive results for the third quarter.
The Wall Street consensus for the third quarter is currently 222,000 vehicle deliveries. Bullish analysts like Joseph Spak, an analyst at RBC Capital Markets, assume that Tesla will instead deliver 233,500 vehicles. If Spak’s estimate proves correct, it will translate into a 67% year-over-year increase.
The same applies to Piper Sandler analyst Alexander Potter, who raised his delivery estimate for Tesla to 233,000 vehicles in the third quarter. The analyst noted that his estimates are being driven by the company’s strong production, adding that he believes “Q3 will be TSLA’s strongest quarter ever”.
Retail investors who are veterans of TSLA stock have also released their estimates, and they’re just as bullish as analysts at RBC and Piper Sandler. Avid TSLA observer @TroyTeslike, found, for example, that its final estimate for the third quarter of 2021 is 235,000 vehicle deliveries. The TSLA bull also estimated the company could ship a total of 858,000 vehicles in 2021.
Rob Maurer from the Tesla Daily Podcast was more optimistic, noting on Twitter that the company would deliver 247,000 vehicles in the third quarter of 2021. The Future Fund Managing Partner Gary Black, on the other hand, turned out to be more conservative, estimating total deliveries of 230,000 vehicles, which is still above the Wall Street consensus.
Tesla has set a high bar for the third quarter of 2021. The company had previously announced that it would increase its deliveries by 50% this year. That was a lofty goal considering that in 2020 Tesla delivered half a million vehicles over the course of the year. To achieve its goal, the company would have to ensure that it will deliver around 750,000 vehicles in 2021. However, Tesla already delivered around 386,000 cars in the first half of the year, so the company is expecting 364,000 deliveries between Q3 and 4th quarter 2021.
Disclaimer: I am long TSLA.
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